Tiptv Business

Gaurav Sharma, Business Editor and Oil Analyst at IB Times, says oil prices might remain stuck around $50 and on the larger scheme of things being net short makes sense. Watch the full segment as Sharma talks about the OPEC’s struggle to keep prices around $50 due to the sustained rise in the US shale output. Sharma believes a nine-month extension of the output cut deal may have been priced-in by the markets. Moreover, rising US shale output is likely to counteract OPEC's efforts to boost prices #oil, #commodities, #energies, #trading, #OPEC, #non-OPEC, #Russia, #fundamentals, #macro, #US, #Shale